The following transactions occurred for A New Company Inc. at the end of the year:

  1. Purchased a new building by paying $55,000 cash and signing a note payable for $200,000.
  2. Sold furniture that had an original cost of $11,500 for a gain of $700. The beginning accumulated depreciation was $36,000 and the ending accumulated depreciation was $31,000. Depreciation expense for the year was $2,000.
  3. Purchased new furniture for $10,000 cash. No depreciation has occurred on this furniture.
  4. Sold old computer equipment for $1,400 cash.
  5. Dividends of $16,000 were paid in cash

Work through your calculations for each transaction and prepare the investing section of the statement of cash flows.

DescriptionAmountTotal
Subcategory,Cash Flows from Investing Activities:
Single lineSingle line
Single line